moisturized mm — #2

another weekly mm’s unbothered takes on the crypto market.

I bet you’ve all seen this pic before, right?

Ever wondered how to figure out where we are in the crypto journey and what changes might be on the horizon?

Let’s break it down with the classic face-off: BTC vs ETH.

Here’s the scoop — normally, when $BTC gains, the money tide tends to flow towards $ETH, and eventually, $ETH steals the show from $BTC. But here’s the kicker: Check out the chart below.

After $BTC hit $64k on mid-April, ETH went on a 4-week rally from $2,200 to $4,400.

So, the money did shfit from BTC to ETH. However, BTC and ETH hit the cycle ATH and the same time during November ’22 and fell sharply after that.

Observing the chart above, I noticed BTC.D began declining toward the end of 2020, signaling that the Alt season had kicked off even before ETH started outperforming BTC.

So, I’m looking at TOTAL3, which includes all the other altcoins.

Here’s the interesting part: when BTC.D peaked, TOTAL3 started a 5-month rally. It seemed like all the big, medium, and small altcoins were doing better than $ETH. While ETH was beating BTC, TOTAL3 was already on the rise.

BTC.d is determined by dividing BTC Marketcap by the Total Cryptomarket cap. Therefore, observing how BTC.d behaves around crucial levels can provide optimal timing for entering ALTs.

After a swift analysis, I strongly disagree with the notion that BTC money flows to ETH before reaching smaller caps. When individuals profit from $BTC, they tend to seek riskier plays with higher returns. While ETH will undoubtedly have its rally, I don’t subscribe to the idea that the alt season necessarily follows an ETH rally.

mm’s Bitcoin Prediction for 21–27 Jan :

i dont know.

Just kidding.

I’m committed to writing weekly updates until the end of this bull run.

Frenchy fuked me. Plankton Roddy and Ryu1e never trust in coach mm.